Market Wrap: Benchmark indices close lower, while Broader indices underperform!

In the latest trading session, the Sensex concluded with a 0.36 per cent dip, while the Nifty followed suit with a 0.29 per cent decline.

Market Update at 3:40 PM: In the latest trading session, the Sensex concluded with a 0.36 per cent dip, while the Nifty followed suit with a 0.29 per cent decline. Similarly, the Nifty Midcap displayed a 0.42 per cent downturn, while the Nifty Smallcap saw a notable 0.54 per cent drop.

Adding to the market dynamics, the India VIX experienced a decline of 0.64 per cent, reflecting decreased market volatility.

In terms of sector performance, Nifty PSU Bank, Nifty Auto, and Nifty Energy stood out as the top gainers, while Nifty Realty, Nifty Media, and Nifty Metal demonstrated strength in their respective segments.

Within the Nifty 50 index, leading gainers included Power Grid, Titan, and M&M, while Hindalco, HDFC Bank, and Adani Ports faced declines.

Moreover, a negative sentiment prevailed in the broader market, with 722 advancing stocks outweighing the 1298 declining ones.

Market Update at 2:20 PM: In the latest market update, the Sensex demonstrates a modest decline of 0.25 per cent, while the Nifty records a marginal dip of 0.2 per cent.

Within the market segments, Nifty Midcap experiences a slight retreat of 0.25 per cent, while Nifty Smallcap experiences a slight downtick of 0.2 per cent.

Interestingly, the India VIX, a gauge of market volatility, has risen by 1.01 per cent, signalling increased market uncertainty.

Among sector-specific indices, Nifty Auto, Nifty PSU Bank, and Nifty Energy stand out as top gainers, providing some positive momentum. In contrast, Nifty Media, Nifty Realty, and Nifty Metal face notable declines.

Notable performers within the Nifty 50 include M&M, Titan, and BPCL on the upside, while Infosys, HDFC Bank, and Hindalco register losses.

Taking a broader view, approximately 843 stocks are advancing, outnumbering the 1179 stocks that are declining. This suggests an overall positive sentiment in the broader market, although sector performances vary.

Market Update at 12:35 PM: In the latest market developments, the Sensex is trading with a modest 0.16 per cent decline, while the Nifty registers a marginal dip of 0.09 per cent.

Within the market segments, Nifty Midcap experiences a slight decrease of 0.12 per cent, while Nifty Smallcap experiences a slight downtick of 0.11 per cent.

Meanwhile, European markets are poised for a negative start on Monday, echoing the downtrend seen in the Asia-Pacific region. This anticipation comes as investors keep a close eye on central bank decisions scheduled for the week. European futures for DAX, CAC, and FTSE are trading lower by 0.07 per cent, 0.17 per cent, and 0.01 per cent, respectively.

The India VIX, an indicator of market volatility, has surged by 2.39 per cent, reflecting heightened market uncertainty.

Among the top-performing sectors, we find Nifty Auto, Nifty PSU Bank, and Nifty FMCG, providing some upward momentum. Conversely, Nifty Media, Nifty Realty, and Nifty Metal are among the top losers in the current market landscape.

In the Nifty 50 index, notable gainers include M&M, HDFC Life, and BPCL, while Dr. Reddy’s Laboratories, HDFC Bank, and Hindalco face declines.

Taking a broader view, approximately 965 stocks are advancing, slightly outnumbering the 1056 stocks that are declining, signalling a slight negative sentiment in the broader market.

Market Update at 11:15 AM: In the latest market activity, the Sensex experiences a modest dip of 0.15 per cent, while the Nifty navigates with a marginal decline of 0.08 per cent.

Within the market segments, Nifty Midcap shows a slight retreat of 0.17 per cent, while Nifty Smallcap manages to eke out a marginal gain of 0.06 per cent.

Unexpectedly, the India VIX makes a significant move, surging by 3.21 per cent, adding a twist to market dynamics.

Among the top gainers, we find Nifty Auto, Nifty PSU Bank, and Nifty Energy, providing some surprises, while Nifty IT, Nifty Realty, and Nifty Metal unexpectedly take a dip.

Furthermore, notable performers in the Nifty 50 include M&M, HDFC Life, and Bajaj Auto on the upside, while Infosys, HDFC Bank, and Hindalco face some unexpected challenges.

Intriguingly, amidst this mixed scenario, around 992 stocks are advancing, slightly outnumbering the 1006 stocks that are declining. This suggests a neutral sentiment in the broader market.

Market Update at 9:30 AM: In the latest market opening, both the Sensex and Nifty have begun the day with slight declines of 0.27 per cent and 0.22 per cent, respectively.

Within the market segments, Nifty Midcap has opened with a modest drop of 0.24 per cent. However, Nifty Smallcap has seen a surge of 0.32 per cent.

The India VIX, an indicator of market volatility, has surged by 3.21 per cent, reflecting increased market uncertainty.

Among the sector-specific indices, Nifty PSU Bank, Nifty Pharma, and Nifty FMCG are leading the gainers, while Nifty IT, Nifty Financial Services, and Nifty Realty are among the top losers.

In the Nifty 50 index, notable gainers include HDFC Life, Cipla, and M&M, while Hindalco, Coal India, and Infosys are among the top losers.

Looking at the broader market sentiment, approximately 1045 stocks are advancing, while 823 stocks are declining, suggesting a relatively positive sentiment in the broader market.

Pre-Market Update at 7:55 AM: U.S. stock futures showed slight gains on Sunday night, with investors focused on the upcoming Federal Reserve policy decision. Dow Jones Industrial Average futures rose by 0.05 per cent, while S&P 500 and Nasdaq 100 futures inched up by 0.03 per cent and 0.02 per cent, respectively. The Dow, S&P 500, and Nasdaq 100 futures all added 0.1 per cent. In the previous week, the broad market index and Nasdaq both saw losses for the second consecutive week, while the Dow ended the week with a 0.1 per cent gain.

Oil prices reached a 10-month peak on Friday, marking their third consecutive weekly increase. This surge was attributed to Saudi Arabian production cuts, creating supply constraints, and positive sentiments regarding Chinese demand. Brent crude futures closed at USD 93.93 per barrel, up 0.3 per cent. Simultaneously, the Dollar index slightly declined in futures trading, resting at 103.12, while the dollar's value remained around Rs 83.02.

The GIFT Nifty suggests a slightly optimistic opening for the Benchmark indices, reflecting a 25-point increase. GIFT Nifty futures reached 20,180 points, reaching a peak of 20,194 points.

On September 15, foreign institutional investors (FII) bought shares worth Rs 164.42 crore, while domestic institutional investors (DII) purchased shares worth Rs 1,938.57 crore.

Stocks that are banned for trading in the F&O segment on September 18, 2023, are Balrampur Chini Mills, BHEL, Chambal Fertilizers & Chemicals, Hind Copper, Indiabulls Housing Finance, IEX, India Cements, Manappuram, REC Ltd, and Zee Entertainment Ltd.